On December 8, 2015, the General Meeting of O2 Czech Republic (the “Company”) adopted a resolution on acquisition of the Company’s own shares (share buy-back), based on which the Company can purchase its own shares of up to 10% of the total number of shares or up to CZK 8 billion for a price ranging from CZK 10 to CZK 297 in the next five years (hereinafter the “General Meeting Resolution”).
Based on the above mentioned, on December 23, 2015, the Board of Directors decided to execute a two-year share buy-back program on a European regulated market (hereinafter the “Program”) – see notice dated on December 23, 2015 on the Company’s web page.
The Company intends to follow up on the ending two-year Program approved on December 23, 2015. The Company’s intention is to continue with the acquisition of own shares based on the General Meeting Resolution. The acquisition shall be realized based on the share buy-back program through a broker on a European regulated market (while the possibility to decide on acquisition of additional shares within the limits set by the General Meeting Resolution according to additional specific program in the future remains unaffected).
Based on the above-mentioned, on December 13, 2017, the Board of Directors decided to execute a share buy-back program on a European regulated market (hereinafter the “New Program”) under the following conditions:
The Company intends to engage WOOD & Company Financial Services, a.s., a brokerage house to execute this New Program.
As of December 8, 2017, the Company acquired in total 8,519,904 own shares for the total acquisition price of CZK 2,154 million and its share in all the voting rights reached 2.75% under the Art. 122, Para 1 of the Act on Business Activities on Capital Market.
Commencement of new share buy-back program on regulated market
Following the announcement dated December 13, 2017 on the decision of O2 Czech Republic („the Company“) Board of Directors to execute share a buy-back program on a European regulated market (hereinafter „New Program“), the Company confirms that WOOD & Company Financial Services has been engaged to execute the New Program. WOOD & Company Financial Services will commence buying back the Company’s shares in the framework of the New Program.
The purchase of own shares on the regulated market organized by the Prague Stock Exchange will be executed under the conditions published in the connection with approval of the New Program on December 13, 2017 provided that the amount of acquired shares in the Program in one day will not exceed one fourth of the average daily volume of the Company’s shares traded on the European regulated market in November 2017, i.e. 22,942 Company’s shares.
The Company may suspend or terminate the New Program before the end of the two-year period for which it is intended. The Company will always disclose information on any exceptional facts, as well as other possible means of acquisition of own shares out of the New Program.
